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1. Following registration as an insurance broker, an individual: A. Is required to report any changes in status only at each renewal of registration. B. Is required to ensure that any change in his/her status is included in the next position report filed by his/her employer. C. Must confirm, in writing, every three (3) months to RIBO that there has been no change in the information originally filed. D. Must notify the Registered Insurance Brokers of Ontario if any information on the origin...

1. Which of the following is an important requirement for many licensed insurance professionals to renew their licenses? a) Attend at least five (5) insurance-related seminars every quarter b) Complete Adjuster’s Training c) Complete the Chartered Insurance Professionals (CIP) designation d) Complete the required number of Continuing Education (CE) hours 2. What does the Statutory Condition—Replacement require when an insurer chooses to repair, rebuild, or replace property following a...

1. A patient has requested three accounting-of-disclosures reports in the past month. Which of the following statements is true regarding the accounting of disclosure? - Correct Answer - The CE is allowed to charge a reasonable, cost-based fee for the second and third request for accounting disclosures and must inform the patient prior.

Certified Healthcare Constructor (CHC) Exam| Questions and Answers 1. What two types of med gas are required in a typical med/surg patient room? - Correct Answer - vacuum and oxygen according to Guidelines for Design and Construction of Health Care Facilities. 2. When should medical equipment modality selections ideally be made during the planning, design, and construction process? - Correct Answer - Before the end of SDs

1. The Health Insurance Portability and Accountability Act (HIPAA) provides individuals with certain rights regarding their protected health information. Which of the following statements does NOT apply? A. Individuals can request and receive a copy of their protected health information. B. Covered entities can share an individual’s protected health information with family members regarding their care and treatment. C. Individuals can know how their information is being shared. Answ...

1. Inherent in life insurance is the concept of __________ where a group of people places funds together in preparation for life’s many uncertainties. a. pure risk b. law of large numbers c. probability d. Insurable interest e. mortality table f. risk sharing 2. (The) _____________ involves uncertainty as to the happening of an event which may produce a loss but which involves no possibility of gain. a. pure risk b. law of large numbers c. probability d. insurable interest e. mor...

1. Which of the following provides for an annuitant to put in a lump sum at entry and on attainment of a specified age, the insurer will pay an annuity of a specified amount until death? A. Single life annuity B. Immediate annuity C. Deferred annuity D. Last survivor annuity 2. Backdating of the commencement date of insurance may be allowed in some cases of up to ____________ so that the proposer may benefit by paying a lower premium applicable to the lower age

1. The objective of life insurance is ________. (PCEIA C1) a) make profit from insurance claims. b) help insurance companies grow c) To provide financial security against the uncertainty of losses. d) avoid losses arising from accident 2. Requirements under Guidelines on Medical and Health Insurance Business to enhance policy owner protection, cost-sharing provisions shall not be mandatory and where applicable, shall be limited to the lower of ________ (excluding deductibles) or ________ ...

1. ___________ is known as the cause of Loss. a) Accident b) Peril c) Hazard d) Risk e) None of the above. 2. What is the co-relation between Risk and Probability ? a) Higher the Probability, Lower is the Risk b) Higher the Probability, Higher is the Risk

1. Which among the following is the regulator for the insurance industry in India? a) Insurance Authority of India b) Insurance Regulatory and Development Authority of India c) Life Insurance Corporation of India d) General Insurance Corporation of India 2. Which among the following is a secondary burden of risk? a) Business interruption cost b) Goods damaged cost c) Setting aside reserves as a provision for meeting potential losses in the future d) Hospitalization costs as a result of ...